Key Points
- BlackBerry insider John Joseph Giamatteo sold 29,272 shares at an average price of C$12.85, generating proceeds of approximately C$376,145. Following the transaction, he retained 758,416 shares.
- BlackBerry shares opened at C$13.65, with a market capitalization of about C$8.01 billion and a 52-week range of C$4.35 to C$18.45.
- The company reported quarterly revenue of C$219.02 million and EPS of C$0.10. Analysts maintain a “Moderate Buy” consensus rating, with a consensus price target of C$12.00.
BlackBerry Limited (TSE:BB - Get Free Report) (NASDAQ:BBRY) insider Jennifer Mary Armstrong-Owen sold 2,590 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of C$12.85, for a total value of C$33,281.50. Following the sale, the insider directly owned 109,647 shares in the company, valued at approximately C$1,408,963.95. The trade was a 2.31% decrease in their position.
BlackBerry Stock Up 5.5%
Shares of BB stock opened at C$13.65 on Wednesday. BlackBerry Limited has a 1 year low of C$4.35 and a 1 year high of C$18.45. The company has a debt-to-equity ratio of 27.92, a quick ratio of 1.49 and a current ratio of 2.38. The business's fifty day moving average is C$11.68 and its 200-day moving average is C$10.73. The stock has a market cap of C$8.01 billion, a PE ratio of 105.00, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97.
BlackBerry (TSE:BB - Get Free Report) (NASDAQ:BBRY) last announced its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 earnings per share for the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%.The business had revenue of C$219.02 million during the quarter. Equities analysts expect that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, Stifel Nicolaus set a C$12.00 price target on shares of BlackBerry and gave the company a "buy" rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.00.
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About BlackBerry
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BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.
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